Cooperation on energy, ending Middle East conflicts main points raised by Egyptian FM at Rome MED Dialogues
CAIRO – 25 November 2024: Minister of Foreign Affairs and Immigration Badr Abdelatty delivered Monday a speech at the opening of the 10th session of Rome MED Dialogues highlighting that energy could be the main area of cooperation among Mediterranean countries, whether regular or new, as well as electricity linkage. The minister also stressed the importance of making available legal migration opportunities, as one of the means of combating illegal migration, whose causes pertinent to lack of developmental must be remedied. On the other hand, the Egyptian minister warned that the wars in Gaza Strip and Lebanon might compose a threat to the security and peace of the Mediterranean. In that framework, he urged a ceasefire, hostage-prisoner swap deal, immediate and sufficient delivery of aid, noting that Cairo would host a ministerial meeting on humanitarian response to Gaza on December 2. Equally, he shed light on the security threats in the Red Sea, and their impact on navigation, the Suez Canal, and by default, the Egyptian economy, stressing that the issue should be resolved in a comprehensive manner by ending the wars in Gaza and Lebanon.
Source:Egypt Today
November 25, 2024 11:12 UTC
Unstable weather, Monday: drop in temperature, active winds, rain and disturbed navigation
CAIRO – 25 November 2024: Egypt’s General Authority for Meteorology announced, that Monday’s weather conditions expected to be unstable, and to witness a decrease in temperatures, rain in the north of the country, active winds, and disruption of maritime navigation. The Authority explained the expected weather phenomena will include continued decrease in temperatures in most parts along with active winds in most parts, which increases the feeling of cold weather. It added further that their will be disturbance of maritime navigation in the Mediterranean Sea and that wind speed will be (70:50 km/h) and wave height (5:3 m). Moderate rain in areas of the northeastern coasts at intermittent intervals also will be seen according to the general Authority for Meteorology. The Meteorological Authority explained the expected maximum and minimum temperatures of Monday as follows:Greater Cairo: 19 - 14 °CAlexandria: 18 - 15 °CMarsa Matrouh: 19 - 15 °CSohag: 22 -14 °CQena: 22 15 °CAswan: 22 - 15 °C
Source:Egypt Today
November 25, 2024 08:41 UTC
Community dialogues key to strengthening relations with taxpayers, investors: ETA chief
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has highlighted the pivotal role of community dialogues in building robust partnerships with taxpayers and investors. She explained that the ETA conducted in-depth studies to pinpoint key issues affecting taxpayers, which informed the creation of the first tax relief package. Abdel Aal stressed the importance of public outreach to the success of these initiatives. These efforts are complemented by ongoing community dialogues to clarify procedures, address concerns, and build trust between the tax authority and taxpayers. This approach ensures that the ETA workforce is equipped to provide efficient and supportive services to taxpayers, fostering a positive and professional experience.
Source:Daily News Egypt
November 25, 2024 00:59 UTC
Al-Sisi reviews updates in Egypt’s energy, interconnection projects
During the meeting, the President was briefed on initiatives to bolster local petroleum production. President Al-Sisi instructed the government to intensify its efforts in attracting investments to the energy sector, ensuring the sector achieves its goals and maximizes its role in national development. The President also called for accelerating the implementation of renewable energy projects, focusing on diversifying energy sources, expanding the electricity grid’s capacity, and leveraging advanced technologies for optimal energy absorption and transmission. This project, pivotal to Egypt’s comprehensive development plans, aligns with the state’s integrated and sustainable energy strategy, which seeks to diversify renewable and new energy sources while improving service quality for citizens. President Al-Sisi stressed the importance of expediting the implementation of energy projects as a cornerstone of Egypt’s development.
Source:Daily News Egypt
November 25, 2024 00:12 UTC
Egyptian FM delivers verbal message from President Sisi to Prince of Kuwait
CAIRO – 24 November 2024: In his meeting with the Kuwaiti deputy prime minister, Minister of Foreign Affairs and Immigration Badr Abdelatty delivered Sunday a verbal message from President Abdel Fatah El-Sisi intended for Prince of Kuwait Mishal Al-Ahmed Al-Jaber Al-Sabah. The Egyptian minister began his visit to Kuwait Sunday by meeting Crown Prince Sheikh Sabah Khaled Al-Sabah, stressing support to the security of the Gulf as it is an integral part of the Egyptian national security. Then, he met with Deputy Prime Minister, Minister of Defense and Acting Minister of Interior Sheikh Fahad Yousef Saud Al-Sabah. The talks focused on attracting Kuwaiti investments, implementing infrastructure projects in Kuwait by Egyptian firms, supplying qualified and trained labor, security and military collaboration, especially those pertinent to cybersecurity.
Source:Egypt Today
November 24, 2024 23:48 UTC
Egyptian team clinches first place at Arab FinTech Challenge for second year running
One of the top qualifiers from the second edition of the “FinTech Got Talent” competition, organized by “FinTech Egypt”—an initiative by the Central Bank of Egypt (CBE)—has secured first place at the “Arab FinTech Challenge” for the second consecutive year. The competition took place in Dubai as part of the “GITEX North Star 2024” exhibition. This remarkable achievement reflects the CBE’s unwavering dedication to empowering and supporting youth in the FinTech sector. Second Place: Cairo University’s Faculty of Economics and Political Science team. This initiative cements Egypt’s position as a hub for FinTech innovation, fostering a new generation of talented leaders in the financial technology landscape.
Source:Daily News Egypt
November 24, 2024 17:51 UTC
Chemical exports increase to $6.5bn in 9M 2024
The Chemical and Fertilizer Export Council reported a significant rise in exports from January to September 2024, totaling $6.5bn, marking a 5% increase compared to the same period in 2023. Plastics and resins led the growth with a 29% increase, reaching $2bn. Khaled Abu El-Makarem, Chairman of the Chemical and Fertilizer Export Council, attributed this growth to sustained efforts to boost the global competitiveness of Egyptian products despite existing challenges. However, he forecasted that the sector’s exports would reach $8.5bn by the end of 2024, driven by heightened global demand, enhanced local production capabilities, and supportive government policies. Italy, France, and the United Kingdom also demonstrated positive growth, consolidating their positions as key markets for Egyptian exports.
Source:Daily News Egypt
November 24, 2024 17:06 UTC
Egypt's central bank issues LE 72B in T-bills Sunday
The T-bills were offered in two installments, with the first valued at LE 45 billion with a 91-day term, and the second worth LE 27 billion with a 273-day term. The Ministry of Finance plans to issue 26 treasury bill and bond auctions worth LE 542 billion in November. This includes 16 treasury bill auctions totaling LE 480 billion and 10 bond auctions worth LE 62 billion. Additionally, two bond auctions for two-year bonds worth LE 10 billion are planned, along with two "floating-rate" auctions for three-year bonds totaling LE 4 billion, and four fixed-rate bond auctions for three years worth LE 44 billion. There will also be two floating-rate bond auctions for five years worth LE 4 billion.
Source:Egypt Today
November 24, 2024 16:52 UTC
Egypt eager for collaboration with Kuwait on cybersecurity, labor supply: FM
CAIRO – 24 November 2024: Minister of Foreign Affairs and Immigration Badr Abdelatty met Sunday with Kuwaiti Deputy Prime Minister, Minister of Defense and Acting Minister of Interior Sheikh Fahad Yousef Saud Al-Sabah. The minister presented the steps and measures taken by the Egyptian government to improve the investment climate and eliminate obstacles that face investors, as well as the investment opportunities available in various sectors that can be seized by Kuwaiti firms. In another context, the minister hailed the Kuwaiti authorities for providing care to Egyptian expats, commending the outcomes of the convention of the joint labor committee in August. In that framework, Minister Abdelatty expressed readiness to supply qualified and trained labor, highlighting the successful experience of joint online employment platforms with other countries. The Egyptian minister also welcomed discussions on security and military collaboration to overcome security challenges, especially those pertinent to cybersecurity.
Source:Egypt Today
November 24, 2024 11:28 UTC
Trump’s extreme dislike of FBI directors, explained
But there’s a growing expectation that he will quickly make at least one new vacancy by firing FBI Director Christopher Wray. “There certainly was the question, can any president fire an FBI director when there’s a legislated 10-year term,” Charles said. Robert S. Mueller III, who happened to be the former FBI director. It also concluded that while Trump’s campaign in 2016 expected help from Russia, it didn’t conspire with Russia. In this 2017 photo, then-President Donald Trump sits with FBI Director Christopher Wray in Quantico, Virginia.
Source:Egypt Independent
November 24, 2024 11:16 UTC
Egypt declares state of emergency due to bad weather
CAIRO- 24 November 2024: The Egyptian Ministry of Local Development has instructed the governorates to declare a state of emergency in response to the severe weather and rainfall affecting several regions. The Egyptian Meteorological Authority (EMA) announced that a weather trough centered over the Mediterranean Sea will bring increased wind activity across the country. Meanwhile, the General Traffic Department's operations room has declared a state of emergency to manage weather-related disruptions. Meanwhile, southern Upper Egypt, including Luxor and Aswan, will see temperatures fall from 29°C to around 23°C in the coming days. Northern Upper Egypt will also experience a moderate cool-down, with temperatures ranging between 20-22°C throughout the week.
Source:Egypt Today
November 24, 2024 09:38 UTC
Inflation to stabilize until late 2024 despite upward risks: CBE
The Central Bank of Egypt (CBE) expects inflation to stabilize at its current levels until the end of 2024, despite facing upward risks such as geopolitical tensions and a potential return to protectionist policies. The committee’s decision aligns with the consensus among investment banks and analysts, who advocated for stable interest rates amidst the upward risks surrounding the inflation outlook. CBE added that despite increased expectations for declining global commodity prices—particularly energy—the upside risks to inflation persist. These trends, combined with a slowdown in monthly inflation rates, suggest improving inflation expectations and a continued downward trajectory, despite fiscal consolidation measures. It will assess inflation forecasts, monthly inflation trends, and the effectiveness of monetary policy transmission mechanisms.
Source:Daily News Egypt
November 23, 2024 21:13 UTC
Photos: China's robotic advancements
The Zhangjiang Valley in Shanghai is a dedicated industrial park spanning 4.2 kilometers, focusing on developing robotics manufacturing chains. Experts in medical robot patents are working on artificial intelligence and remote diagnosis. The Zhangjiang Robotics Valley is focused on developing medical robots for interventional procedures in the middle vascular cavity. China’s prideThen there is ‘Allengo’, a four-legged, multi-eyed inspection robot designed to navigate rough terrains, fires, and highly explosive areas. This robot was developed by the Shanghai Institute of Robotics Industry and Artificial Intelligence Systems.
Source:Egypt Independent
November 23, 2024 21:01 UTC
‘Blame yourself’: Trump’s election hasn’t dampened pro-Palestinian activists’ anger at Democrats
CNN —For Democratic pro-Palestinian activists, Donald Trump’s reelection delivered a bitter vindication. Led by the Uncommitted National Movement, they spent months pushing and pleading with the Biden administration to scale back its support for Israel’s war in Gaza. “I don’t have any regrets,” Uncommitted spokesman and strategist Waleed Shahid told CNN. After weeks of back-and-forth, on the final night of the confab, party officials inside the United Center told Uncommitted leaders it was a no-go. “The thing I’ve been saying and I will always say is that these uncommitted voters are our voters, they’re our family,” Barnes told CNN at the time.
Source:Egypt Independent
November 23, 2024 20:56 UTC
28th Glimpses of India painting competition held across Egypt
The Maulana Azad Centre for Indian Culture (MACIC), under the Embassy of India in Cairo, organized the 28th edition of the Glimpses of India painting competition. Organized in collaboration with the Ministry of Education of the Arab Republic of Egypt, the competition witnessed participation from approximately 22,572 school children representing 1,427 schools. This large-scale participation underscores the deep cultural and people-to-people connection between India and Egypt. The competition has become more than an artistic event—it serves as a cultural bridge between the two nations. For the past 28 years, MACIC in Cairo has been organizing the Glimpses of India competition annually in collaboration with Egyptian authorities.
Source:Daily News Egypt
November 23, 2024 19:49 UTC